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Live Nation Plans Digital Service, Takes On Entire Music Industry

November 11, 2008 2:30 PM ET

They are already the world's largest concert promoters, they've branched out to form their own ticketing service and record labels, and now Live Nation will seek to challenge iTunes' digital music dominance by launching their own music service through their website. Live Nation — home of Jay-Z, Madonna, Shakira and many more — has agreed to terms with three of the four major labels to sell DRM-free MP3s on their website (Warner Music is the lone holdout). The company plans to offer the tracks through the artist pages, much like the blueprint of the upstart MySpace Music. The exact launch date of Live Nation's digital music catalog has not yet been announced.

Related Stories:
Live Nation Prepares for Ticketing Venture with New Hire
Jay-Z, Stargate Hook Up For New Label StarRoc
U2 Net $19 Million in Live Nation Shares In Touring Deal

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Song Stories

“Vicious”

Lou Reed | 1972

Opening Lou Reed's 1972 solo album, the hard-riffing "Vicious" actually traces its origin back to Reed's days with the Velvet Underground. Picking up bits and pieces of songs from the people and places around him, and filing his notes for later use, Reed said it was Andy Warhol who provided fuel for the song. "He said, 'Why don't you write a song called 'Vicious,'" Reed told Rolling Stone in 1989. "And I said, 'What kind of vicious?' 'Oh, you know, vicious like I hit you with a flower.' And I wrote it down literally."

More Song Stories entries »
 
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